Star Choice reports loss in first year

Article Abstract:

Star Choice Communications Inc. posted a loss of C$42.6 million, or C$1.60 per share, in its first year in business as a direct-to-home (DTH) satellite television service provider. The fledgling company, which now serves 130,000 customers, expected to have losses in the beginning, but is very happy with the pace of its growth. Star Choice secured $250 million from a debt financing in the fall of 1997 and had C$156 million in cash remaining at the end of its fiscal year. That money is earmarked to finance persisting operating losses and interest costs in the next two or three years.

Comment:

Posts a loss of C$42.6 mil, or C$1.60 per share, in its 1st year in business as a direct-to-home satellite television provider

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Star choice to offer HDTV channel this fall

Article Abstract:

Calgary-based direct-to-home satellite TV service provider Star Choice Communications Inc. will launch a high-definition television (HDTV) channel in the fall 1999. The company has recently conducted the first demonstration of digital HDTV in Canada. Star Choice said the move was to provide an incentive for consumers to purchase expensive new television sets. There are only an estimated 1,000 HDTV sets in Canada.

Services introduction

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Rogers reports healthy quarterly earnings gains

Article Abstract:

Rogers Communications Inc, a communications firm based in Toronto, Canada, reported positive gains for 1998 at C$635 million or C$3.39 per share on revenue of C$2.84 billion. The company attributed the positive results from its focus on process improvement and cost-cutting programs. The profit, howevr, was mainly due to its divestiture of Rogers Telecom for C$1 billion.

Wired Telecommunications Carriers, Telephone Communications, Rogers Communications Inc.

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